The Iraqi Private Banks League announced its full support for Prime Minister Mohammed Shia Al-Sudani's directive to localize the salaries of private sector employees.

Ali Tariq, the League's Executive Director, stated that "the League values the Prime Minister’s move to transition private sector employees’ salaries from cash to digital payments, a shift planned for mid-next year in government institutions," emphasizing that "this directive aligns with the government's commitment to financial and economic reform".

Tariq added that localizing private sector salaries, as has been done for public sector employees, and implementing electronic collection holds significant economic value. This approach is expected to boost financial inclusion, enhance transparency, support the digital economy, and increase public access to credit. Additionally, it will improve administrative efficiency, advance automation across public and private institutions, and strengthen financial security.

He noted that the Iraqi Private Banks League is fully committed to working with government and financial institutions to achieve these goals.

Tariq confirmed the League’s readiness to support all initiatives aimed at modernizing and developing the financial sector’s infrastructure. “We believe these measures will enhance financial system stability and drive economic growth to higher levels, benefiting individuals and institutions alike,” he concluded.